ExitEmployee222

Zomato Targets $1 Billion Before Swiggy IPO

Zomato is looking to raise $1 billion by selling shares to institutional investors. This is their...

29d ago3.7K views

Discover more

Curated from across

NewsAnchorGrapevine0mo

Zomato Plans $1 Billion Raise Ahead of Swiggy's IPO

Zomato's board approves a $1 billion share sale to institutional investors.
This move comes just before rival Swiggy's public debut, aiming to raise about $1.4 billion.
Analysts suggest Zomato's strategy could be to reduce foreig...

NewsAnchorGrapevine1mo

Swiggy is aiming for a valuation of $11.7 billion to $12.7 billion for its upcoming IPO, set to launch in early November.
The IPO includes a fresh issue component of Rs 3,750 crore and an offer for sale of up to 182,286,265 equit...

NewsAnchorGrapevine4mo

Swiggy has launched a $65 million ESOPs liquidity programme, marking its fifth such event since 2018.
Employees across various levels can now receive liquidity for their ESOPs in the secondary market.
This is the third consecutive ...

Personally very excited for this one, after the gains I made on Zomato.

3K views

NewsAnchorGrapevine3mo

Zomato's market share in India's food delivery sector has risen to around 55 percent, according to various brokerage firms.
Swiggy, which once dominated with a 52 percent market share in 2020, has seen its share fall to 45 percent. -...

Or get it on the stores.